ZestMoney expands 0 per cent EMI offering to education

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ZestMoney, a digital lending startup, has announced the launch of zero per cent EMIs (equated monthly installments) for education on its platform. These financing options are available at about 20 education platforms like GreatLearning, BITS Pilani, UPGrad, CueMath, Simplilearn, Springboard etc. The move is aimed at benefitting over 5 lakh potential students. This financing option can be availed at zero interest cost which will make higher education a viable opportunity for many.

“Students aspiring for higher education often face a dearth of financial assistance. Mostly, it comes with a premium attached, making the decision tougher than it ought to be. Our EMI financing is aimed at making education affordable, and a reality for everyone.” said Lizzie Chapman, Co-founder and CEO of ZestMoney.

“Our AI driven platform ensures seamless and swift delivery of financing, making it easier for students to pursue their dreams.” she added.

In India, the higher, vocational and online training industry is valued at approximately $48 million and is expected to grow aggressively with the advent of emerging technology, and the increasing demand for coding, blockchain and engineering professionals.

The increased popularity of digital loans is driving its huge demand in the market, and the masses are opting for it in preference to credit cards. On ZestMoney alone, over Rs.1500 crore worth of loans for skill development are set to be disbursed within the next year and the numbers are steadily rising.

[“source=economictimes”]

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